The J.M. Smucker Company, also known as Smuckers, is an American manufacturer of food and beverage products. Headquartered in
Orrville, Ohio
Orrville is a city in Wayne County, Ohio, United States. It is about 9 miles east of Wooster and 20 miles southwest of Akron. The population was 8,380 at the 2010 census.
The J.M. Smucker Co., owner of the Smucker's brand, is headquartered in ...
, the company was founded in 1897 as a maker of
apple butter.
J.M. Smucker currently has three major business units: consumer foods, pet foods, and coffee.
Its flagship brand, Smucker's, produces
fruit preserve
Fruit preserves are preparations of fruits whose main preserving agent is sugar and sometimes acid, often stored in glass jars and used as a condiment or spread.
There are many varieties of fruit preserves globally, distinguished by the method ...
s,
peanut butter
Peanut butter is a food paste or spread made from ground, dry-roasted peanuts. It commonly contains additional ingredients that modify the taste or texture, such as salt, sweeteners, or emulsifiers. Peanut butter is consumed in many countri ...
,
syrups, frozen crustless sandwiches, and
ice cream
Ice cream is a sweetened frozen food typically eaten as a snack or dessert. It may be made from milk or cream and is flavoured with a sweetener, either sugar or an alternative, and a spice, such as cocoa or vanilla, or with fruit such as str ...
toppings.
Among J.M. Smucker's other food and coffee brands are Knott's Berry Farm,
Jif,
Laura Scudder's
Laura Clough Scudder (July 19, 1881 – March 13, 1959) was an entrepreneur in Monterey Park, California, who made and sold potato chips and pioneered their packaging in sealed bags to extend freshness.
Biography
Born in 1881, in Philadelphi ...
,
Santa Cruz Organic
The J.M. Smucker Company, also known as Smuckers, is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio, the company was founded in 1897 as a maker of apple butter. J.M. Smucker currently has three major bus ...
,
Folgers,
Café Bustelo
Café Bustelo is an American coffee brand owned by The J.M. Smucker Company.
History
Gregorio Menendez Bustelo (born June 21, 1894) traveled from his native Spain to Cuba as a young man, and moved to the United States in 1917. He founded the C ...
,
Dunkin',
Smucker's Uncrustables,
Bick's Pickle,
Carnation,
Crosse & Blackwell,
Eagle Brand
Eagle Family Foods Group LLC, is an American food manufacturer based in Cleveland, Ohio. The company was established in 2015 by Paul Smucker Wagstaff after acquiring ownership of the Borden canned milk brands (Eagle Brand, Magnolia, Milnot, PET) ...
,
Five Roses, and
Robin Hood.
Pet food brands include
9Lives
9Lives is the name of a brand of cat food, owned by J.M. Smucker (after it acquired Big Heart Pet Brands, a former division of Del Monte in 2015) and introduced to the market by tuna processor StarKist Foods in 1959. It is best known for its ...
,
Gravy Train,
Kibbles 'n Bits
Kibbles 'n Bits is a brand name of dog food currently owned by The J.M. Smucker Company since it acquired its previous owner, Big Heart Pet Brands, in 2015.
The brand was originally created in 1981 as the first dual textured dog food, having sof ...
,
Meow Mix,
Milk-Bone
Milk-Bone is a brand of dog biscuit. It was created in 1908 by the F.H. Bennett Biscuit Company, which operated a bakery on the Lower East Side of New York City. Originally named "Maltoid", the biscuit was a bone-shaped treat made from minerals, ...
, and
Rachael Ray Nutrish among others.
Listed on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
,
J.M. Smucker ranks 426th on the
Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...
, with an estimated 2022 market value of $14.6 billion.
History
Founding (1897–1958)
The J.M. Smucker Company was founded in 1897 by
Jerome Monroe Smucker
Jerome Monroe Smucker (December 5, 1858 – March 20, 1948) was an American farmer and entrepreneur who founded The J.M. Smucker Company food and beverage firm in 1897, starting out selling apple butter from the back of a horse-drawn wagon. He ...
. Smucker was born on December 5, 1858, in
Orrville, Ohio
Orrville is a city in Wayne County, Ohio, United States. It is about 9 miles east of Wooster and 20 miles southwest of Akron. The population was 8,380 at the 2010 census.
The J.M. Smucker Co., owner of the Smucker's brand, is headquartered in ...
, and much of his life was spent as a farmer in Orrville. In 1897 Smucker built a cider mill in Orrville. The company, which came to produce jellies, jams, and other food items, has stated that he used apples from local Orrville trees planted by
Johnny Appleseed in the early nineteenth century.
Smucker prepared
apple butter and sold it from the back of a horse-drawn wagon.
The company was incorporated in 1921.
At the time, the company sold preserves and jellies, and by 1928 was distributing in Ohio, Pennsylvania, and Indiana. After the company recorded losses in 1932 and 1933, in 1935 Smucker's eldest son Willard established a Smucker's plant in the
state of Washington
Washington (), officially the State of Washington, is a state in the Pacific Northwest region of the Western United States. Named for George Washington—the first U.S. president—the state was formed from the western part of the Washington ...
for pre-processing apples, which were then shipped to Orrville to be cooked. After introducing its trademark glass jar in 1939,
annual sales reached $1 million.
[
] In 1940, Smucker's introduced its first line of ice cream toppings, and two years later began distributing its products nationally.
During
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...
, the company faced shortages of labor, glass, and fruit. In 1946, Smucker's earned the designation "U.S. Grade A Fancy" after it paid
U.S. Department of Agriculture inspectors to "oversee every aspect of its production."
National expansion and IPO (1959–1984)
The company went public in 1959,
and the following year J.M. Smucker opened a manufacturing plant in
Salinas, California
Salinas (; Spanish for "Salt Marsh or Salt Flats") is a city in California and the county seat of Monterey County. With a population of 163,542 in the 2020 Census, Salinas is the most populous city in Monterey County. Salinas is an urban area lo ...
that increased its production capacity by 40%. In 1960, Paul Smucker became president and the company hired
Wyse Advertising
Lois Wyse (October 30, 1926 – July 6, 2007) was an American advertising executive, author and columnist. At the time of her death, Wyse was credited with writing more than 60 books on diverse topics such as business, love and family.Contemporar ...
of Cleveland to produce radio spots. J.M. Smucker was then listed on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
(NYSE) in 1965.
1963 saw J.M. Smucker's acquisition of the jams and jellies company Mary Ellen.
Profits increased between 1959 and 1969 before dropping in 1970. Between 1973 and 1980, J.M. Smucker implemented cost cutting measures to increase profit margins, acquiring manufacturing operations in Oregon, Tennessee and California and consolidating packing operations.
In 1978, J.M. Smucker debuted a low sugar "spread" that was so low in sugar the
Food and Drug Administration
The United States Food and Drug Administration (FDA or US FDA) is a List of United States federal agencies, federal agency of the United States Department of Health and Human Services, Department of Health and Human Services. The FDA is respon ...
wouldn't allow Smucker's to market it as a jam.
J.M. Smucker acquired gourmet preserves company Dickinson's in 1979,
and by 1980, J.M. Smucker was the number one jams and jellies company in the United States,
with over 25% of the market in the United States.
In 1981, Timothy Smucker was named president
and the company purchased
Magic Shell the following year.
After purchasing the pickle companies Wooster Preserving Co. and the H.W. Madison Co. in the 1960s,
the company sold its unsuccessful pickle line in the early 1980s. J.M. Smucker in 1984 continued to be traded on the NYSE, with the Smucker family retaining a 30% interest in the business.
That year J.M. Smucker acquired the juices company Knudsen & Sons.
Diversification and growth (1980s–2016)
In the late 1980s, the company began expanding internationally
under CEO Richard Smucker, acquiring brands in Canada, the United States, Australia, and Europe.
In 1987 J.M. Smucker purchased R-Line Foods,
and in 1988 the company acquired the Canadian toppings brand
Shirriff Shirriff is the brand name of several food products first produced by the defunct Shirriff family food products company in Toronto, Ontario, Canada.
Francis Shirriff founded a food extracts company in the 1880s.
The company would go on to develo ...
which made products such as Good Morning Marmalade.
J.M. Smucker's sales reached $367 million in 1989.
In 1989 J.M. Smucker purchased the Australian company
Henry Jones Foods,
later selling it in 2004 to
SPC Ardmona. By 1993, 8% of J.M. Smucker's annual sales were international.
The peanut butter company
Laura Scudder's
Laura Clough Scudder (July 19, 1881 – March 13, 1959) was an entrepreneur in Monterey Park, California, who made and sold potato chips and pioneered their packaging in sealed bags to extend freshness.
Biography
Born in 1881, in Philadelphi ...
and the juice company
After the Fall were purchased in 1994,
and that year J.M. Smucker also changed advertising agencies from Wyse Advertising to the
Leo Burnett Company.
The annual
Peanut Butter Festival in the town of
New Bethlehem, Pennsylvania
New Bethlehem ( ) is a borough in Clarion County, Pennsylvania, United States. The population was 979 at the 2020 census. The borough is situated at the southwestern corner of thPennsylvania Wilds Conservation Landscape Its main street, PA Rout ...
is co-sponsored by Smucker's. First held in 1996, the festival was held in New Bethlehem because the Smucker's peanut butter factory was the lead employer in the area at the time. In 1998, J.M. Smucker acquired the peanut butter company Adams,
as well as the maker of a frozen crustless sandwich, MenUSAver. J.M. Smucker renamed the product
Uncrustables
A sealed crustless sandwich is a foodstuff comprising a filling sealed between two layers of bread by a crimped edge, with the crust subsequently removed. A popular variety in the United States is peanut butter and jelly. Sealed crustless sandwi ...
.
J.M. Smucker acquired
Jif and
Crisco
Crisco is an American brand of shortening that is produced by B%26G Foods. Introduced in June 1911 by Procter & Gamble, it was the first shortening to be made entirely of vegetable oil, originally cottonseed oil. Additional products marketed un ...
in 2002.
By 2004, the company was still headquartered in Orrville, Ohio and had been family-run for four generations. Between 1998 and 2004, the company had appeared on
''Fortune'' magazine's annual listing of the 100 Best Companies to Work For in the United States each year, ranking number one in 2004. That year the company purchased International Multifoods Corporation.
Among the acquired brands in the deal were
Pillsbury,
Hungry Jack
Hungry Jack's Pty Ltd. is an Australian fast food franchise of the Burger King Corporation. It is a wholly-owned subsidiary of Competitive Foods Australia, a privately held company owned by Jack Cowin. Hungry Jack's owns and operates or sub-li ...
,
Pet,
Robin Hood Flour
Robin Hood Flour is a brand of flour made by the Horizon Milling division of Cargill. The brand is marketed to the food service and industrial section by Horizon Milling and the consumer retail sector by The J.M. Smucker Company.
History
Origin ...
, and
Bick's pickles and condiments. The flour company White Lily Brand was acquired in 2006.
In 2007, the company acquired King Kelly Orange Marmalade and the Canadian company
Five Roses Flour Five Roses Flour is a Canadian brand of flour originally established and owned by the Lake of the Woods Milling Company in 1888. In 1954, the Five Roses brand with the Lake of the Woods Milling Company were taken over by Ogilvie Flour Mills. ADM bo ...
. Also in 2007, J.M. Smucker acquired
Eagle Family Foods
Eagle Family Foods Group LLC, is an American food manufacturer based in Cleveland, Ohio. The company was established in 2015 by Paul Smucker Wagstaff after acquiring ownership of the Borden canned milk brands (Eagle Brand, Magnolia, Milnot, PET) ...
, which brought in the brands
Eagle Brand
Eagle Family Foods Group LLC, is an American food manufacturer based in Cleveland, Ohio. The company was established in 2015 by Paul Smucker Wagstaff after acquiring ownership of the Borden canned milk brands (Eagle Brand, Magnolia, Milnot, PET) ...
/
Borden milk products, None Such mincemeat, and Kava coffee.
In 2008, J.M. Smucker joined the
Standard & Poor's
500 Index.
That May, J.M. Smucker announced it had bought the food division of
Knott's Berry Farm
Knott's Berry Farm is a theme park located in Buena Park, California, owned and operated by Cedar Fair. In 2015, it was the twelfth-most-visited theme park in North America and averages approximately 4 million visitors per year. It features 40 ...
from
ConAgra Foods
Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, ...
, while
Cedar Fair continued to own the theme park itself. That year it also purchased the frozen produce company Europe's Best in Canada and the Canadian milk brand
Carnation. On November 6, 2008, J.M. Smucker purchased the
Folgers coffee brand division from
Procter & Gamble
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer hea ...
for $3.3 billion, acquiring brands such as
Millstone Coffee
Millstone Coffee was a brand of coffee sold in the US, a division of the J.M. Smucker Company. The company sold whole bean and ground coffee in retail settings and on its website.
History
The company was founded in Everett, Washington, in 1981. ...
in the process. The
Reverse Morris Trust merger doubled J.M. Smucker's size.
In 2010, J.M. Smucker acquired Rowland Coffee Roasters, makers of Latin coffee brands, followed by the North American coffee and tea operations of
Sara Lee
Sara may refer to:
Arts, media and entertainment Film and television
* Sara (1992 film), ''Sara'' (1992 film), 1992 Iranian film by Dariush Merhjui
* Sara (1997 film), ''Sara'' (1997 film), 1997 Polish film starring Bogusław Linda
* Sara (2010 ...
in 2011. J.M. Smucker acquired
Big Heart Pet Brands
Big Heart Pet Brands is an American company that manufacturers, distributes and markets branded pet food and other products for the U.S. retail market. Now a subsidiary of The J.M. Smucker Company, it is headquartered at the One Maritime Plaza i ...
in 2015
for $5.8 billion, bringing in brands such as
Milk Bone
Milk-Bone is a brand of dog biscuit. It was created in 1908 by the F.H. Bennett Biscuit Company, which operated a bakery on the Lower East Side, Manhattan, Lower East Side of New York City. Originally named "Maltoid", the biscuit was a bone-shape ...
,
Meow Mix, Kibbles ‘n Bits and Pup-Peroni. Also that year, J.M. Smucker announced it would sell its canned milk operations in the United States to
Eagle Family Foods Group LLC. In February 2015, J.M Smucker and
Keurig partnered together on making
K-Cup
Keurig is a beverage brewing system for home and commercial use. The machines are manufactured by the American company Keurig Dr Pepper. The main Keurig products are: K-Cup pods, which are single-serve coffee containers; other beverage pods; and ...
packs of
Dunkin' coffee.
was named CEO in 2016.
Recent (2017–present)
After an antitrust lawsuit filed by the
Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction ov ...
(FTC) in early March 2018,
ConAgra
Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, ...
Brands Inc. and J. M. Smucker Co. cancelled a deal for Smucker to purchase the
Wesson cooking oil
Wesson cooking oil is a Brand name, brand of vegetable oil manufactured in Memphis, Tennessee, and sold by Richardson International. Historically, Wesson was cottonseed oil, but as of 2009 the products sold under the Wesson brand are oil mixtures ...
brand. The FTC claimed that Smuckers would have controlled at least 70% of the market for branded canola and vegetable oils. As part of a strategy to focus on pet food, coffee, and snacking, on August 31, 2018, J.M. Smucker announced it had sold its baking business in the United States to
Brynwood Partners
Brynwood Partners is an American private equity investment firm focused on leveraged buyout and other control investments.
Since its founding in 1984, the firm, headquartered in Greenwich, Connecticut, has raised five private equity fund, invest ...
for $375 million,
including the brands
Pillsbury,
Martha White,
Hungry Jack
Hungry Jack's Pty Ltd. is an Australian fast food franchise of the Burger King Corporation. It is a wholly-owned subsidiary of Competitive Foods Australia, a privately held company owned by Jack Cowin. Hungry Jack's owns and operates or sub-li ...
, White Lily, and Jim Dandy. The baking business in Canada was retained.
The company acquired Ainsworth Pet Nutrition in 2018, including the brands Better Than! Treats, Dad's Pet Care, and
Rachael Ray Nutrish, and in October 2018, J.M. Smucker consolidated its $580 million marketing business into
Publicis Groupe
Publicis Groupe is a French multinational advertising and public relations company. One of the oldest and largest marketing and communications companies in the world by revenue, it is headquartered in Paris.
After 1945, the little-known Paris ...
.
During the
COVID-19 pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identif ...
many J.M. Smucker employees began
remote work
Remote work, also called work from home (WFH), work from anywhere, telework, remote job, mobile work, and distance work is an employment arrangement in which employees do not commute to a central place of work, such as an office building, ware ...
. J.M. Smucker began providing "pay and benefits to employees to avoid furloughs," creating employee hardship and
sick leave programs. By August 2020, its international and away-from-home segment had seen a quarterly sales decline of 9%. The Smucker's brand had seen a 25% quarterly increase in sales, Uncrustables had seen a 35% jump, and
Crisco
Crisco is an American brand of shortening that is produced by B%26G Foods. Introduced in June 1911 by Procter & Gamble, it was the first shortening to be made entirely of vegetable oil, originally cottonseed oil. Additional products marketed un ...
had seen a 50% increase. In September 2020, the company announced a new logo and corporate brand identity, with aims to distinguish Smucker the company from Smucker's brand food items. J.M. Smucker Company was shortened to J.M. Smucker Co. In December 2020 J.M. Smucker sold Crisco to
B&G Foods
B&G Foods is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
...
for $550 million, part of the company's ongoing plan to divest of baking products in the United States. Overall in 2020, J.M. Smucker had $7.8 billion in net sales, with free cash flow growing 26% from 2019 to $985.5 million. Its US retail consumer foods unit saw a 22% jump in annual profits, while coffee rose 11% and pet food rose 6%. After selling
Natural Balance Pet Foods
Dick Van Patten's Natural Balance Pet Foods is an American pet food manufacturer with its headquarters located in Burbank, Los Angeles, California. Established in 1989 by actor Dick Van Patten, the company markets itself as "Food For a Lifetime" ...
to Nexus Capital for $50 million in Jan. 2021, in early 2022, the company sold R.W. Knudsen and truRoots to Nexus Capital. The deal included an agreement for Nexus Capital to Santa Cruz Organic beverages, although not the brand's food items. The deal was estimated at $110 million.
Current brands
J.M. Smucker's three major business units are consumer foods, pet food and snacks, and coffee.
The company is particularly known as a marketer and manufacturer of products such as fruit spreads, peanut butter, ice cream toppings, sweetened condensed milk, and health and natural foods and beverages. The Smucker's flagship brand manufactures and sells its own brands of
fruit preserves,
jelly, peanut butter including
Smucker's Goober PB&J,
syrups
In cooking, a syrup (less commonly sirup; from ar, شراب; , beverage, wine and la, sirupus) is a condiment that is a thick, viscous liquid consisting primarily of a solution of sugar in water, containing a large amount of dissolved sugars ...
,
ice cream toppings including Smucker's
Magic Shell, and
Uncrustables Sandwiches. In Canada, the brands are limited to ice cream toppings and preserves.
J.M. Smucker brands currently include:
Foods
*Adams (peanut butter)
*
Bick's (pickles and condiments)
*
Carnation (milk - in Canada)
*
Crosse & Blackwell (traditional English foods)
*Dickinson's (preserves)
*Double Fruit (preserves)
*
Eagle Brand
Eagle Family Foods Group LLC, is an American food manufacturer based in Cleveland, Ohio. The company was established in 2015 by Paul Smucker Wagstaff after acquiring ownership of the Borden canned milk brands (Eagle Brand, Magnolia, Milnot, PET) ...
(milk products)
*
Five Roses (flour in Canada)
*Golden Temple (Indian foods)
*
Jif (peanut butter)
*
Knott's Berry Farm
Knott's Berry Farm is a theme park located in Buena Park, California, owned and operated by Cedar Fair. In 2015, it was the twelfth-most-visited theme park in North America and averages approximately 4 million visitors per year. It features 40 ...
(preserves)
*
Laura Scudder's
Laura Clough Scudder (July 19, 1881 – March 13, 1959) was an entrepreneur in Monterey Park, California, who made and sold potato chips and pioneered their packaging in sealed bags to extend freshness.
Biography
Born in 1881, in Philadelphi ...
(peanut butter)
*
Robin Hood (flour in Canada)
*Sahale Snacks (fruit and nut snacks)
*Santa Cruz Organic (peanut butter, juices)
*
Smucker's Uncrustables (sandwiches)
*Smucker's (preserves, peanut butter)
Pet foods
*
9Lives
9Lives is the name of a brand of cat food, owned by J.M. Smucker (after it acquired Big Heart Pet Brands, a former division of Del Monte in 2015) and introduced to the market by tuna processor StarKist Foods in 1959. It is best known for its ...
(cat food)
*Canine Carry Outs (dog food)
*
Gravy Train (dog food)
*
Kibbles 'n Bits
Kibbles 'n Bits is a brand name of dog food currently owned by The J.M. Smucker Company since it acquired its previous owner, Big Heart Pet Brands, in 2015.
The brand was originally created in 1981 as the first dual textured dog food, having sof ...
(dog food)
*
Meow Mix (cat food)
*
Milk-Bone
Milk-Bone is a brand of dog biscuit. It was created in 1908 by the F.H. Bennett Biscuit Company, which operated a bakery on the Lower East Side of New York City. Originally named "Maltoid", the biscuit was a bone-shaped treat made from minerals, ...
(dog treats)
*Milo's Kitchen (dog treats)
*Nature's Recipe (natural dog food)
*Pup-Peroni (dog treats)
*
Rachael Ray Nutrish (dog and cat food)
*
Snausages (dog treats)
Coffee
*
1850 Folgers
*
Café Bustelo
Café Bustelo is an American coffee brand owned by The J.M. Smucker Company.
History
Gregorio Menendez Bustelo (born June 21, 1894) traveled from his native Spain to Cuba as a young man, and moved to the United States in 1917. He founded the C ...
*
Café Pilon
*
Dunkin' (
K-Cup
Keurig is a beverage brewing system for home and commercial use. The machines are manufactured by the American company Keurig Dr Pepper. The main Keurig products are: K-Cup pods, which are single-serve coffee containers; other beverage pods; and ...
, pre-made coffee)
*
Folgers
*Medaglia D'Oro
See also
*
List of coffee companies
This is a worldwide list of notable coffee companies that roast or distribute coffee.
List
See also
* List of coffeehouse chains
This list of notable coffeehouse chains catalogues the spread and markets share of coffeehouses world-wide. ...
References
External links
*
{{DEFAULTSORT:Smucker
Food and drink companies based in Ohio
Brand name condiments
Baking mixes
American companies established in 1897
Animal food manufacturers
Food and drink companies established in 1897
1897 establishments in Ohio
Wayne County, Ohio
1950s initial public offerings
Companies listed on the New York Stock Exchange
Condiment companies of the United States
Fruit preserve companies
Peanut butter